2
Question
List down any two features of a recurring deposit account.
Open in App
Solution
Recurring deposit account:
1. Account holder can decide the amount to be deposited every month.
2. RD is a means of compulsory savings. Banks also make it easy by auto deducting the set amount every month.
1. Account holder can decide the amount to be deposited every month.
2. RD is a means of compulsory savings. Banks also make it easy by auto deducting the set amount every month.
Suggest Corrections
3
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
